Hormozgan Steel won the customer satisfaction award

Mining News Pro - In the 10th National Customer Satisfaction Summit, a certificate of appreciation was awarded to the CEO of Hormozgan Steel Company.

Copper miners, Chinese smelters agree first drop in fees in 3 yrs

Mining News Pro - Global miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges (TC/RCs) for 2024, the first drop in three years, sources familiar with the matter said.

Chadormalu exploration development solves the concerns of sustainable development

Mining News Pro - The head of Imidro's executive board emphasized on the increase of exploration activities in Chadormalu company and said: the development path of this complex goes through exploration.

Australian company revives its push for a controversial coal mine in Alberta

Mining News Pro - A company whose application for a coal mine in Alberta was rejected two years ago is back – with a new name, and an updated request to explore its lease in the eastern foothills of the Rocky Mountains.

EU and US delay key trade meeting amid deadlock in negotiations

Mining News Pro - A trade meeting between the US and European Union due to take place next month is expected to slip to early next year as the two allies remain deadlocked in talks about steel and critical minerals.

China allows a trickle of critical minerals exports ahead of graphite curbs

Mining News Pro - China exported small amounts of two minerals crucial to high-tech manufacturing in October, marking a resumption in sales after a two-month hiatus caused by Beijing’s restrictions.

Investors with $11 trillion back plan to reform mining industry

Mining News Pro - Some of the world’s biggest investors are throwing their weight behind a plan to reform the mining industry so it can safely meet the growing demand for minerals and metals needed for the green transition.

As Exxon eyes lithium, crucial decision looms on filtration technology

Mining News Pro - Exxon Mobil has yet to decide which lithium filtration technology it will deploy as part of its aggressive plans to become one of the world’s top producers of the metal used to make electric vehicle (EV) batteries, an executive said on Tuesday.

Senate passes ‘same job, same pay’ split

Mining News Pro - The Federal Government’s Closing Loopholes Bill has been successfully split in a bid to pass uncontentious and broadly supported protections, the ABC reported.

Executive changes for Andromeda

Mining News Pro - After undertaking a review of its organisational structure, Andromeda has announced it will consolidate some roles in the company to simplify the company’s structure.

Ivanhoe records $108m third-quarter profit

Mining News Pro - Ivanhoe Mines (TSE: IVN) reported on Monday an increase in net profit to $108 million for the third quarter, compared with a profit of $87 million in Q2.

Billionaire-owned Vedanta seals Zambian copper assets deal

Mining News Pro - Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company’s ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle that stifled investment.

Lithium producers stay bullish on EVs despite growing headwinds

Mining News Pro - The world’s largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing.

Vale CEO says he has never been so optimistic about the company’s future

Mining News Pro - The chief executive of Brazilian miner Vale painted a brighter picture about the company’s future on Friday, saying he has “never been so optimistic” about it as he is right now.

At least 32 dead, 14 missing after ArcelorMittal mine fire in Kazakhstan

Mining News Pro - At least 32 people have died and 14 remain missing after a mine fire in Kazakhstan, the Ministry for Emergency Situations said on Saturday.

Ottawa unveils interim plan for environment agency after court rules it unconstitutional

Mining News Pro - Ottawa is suspending the environment minister’s authority to force major energy or mining projects to be judged for environmental impact as part of a temporary operating plan for the Impact Assessment Agency after the Supreme Court ruled it encroached on provincial jurisdiction.

Rinehart buys 18% stake in Azure Minerals to block SQM takeover

Mining News Pro - Australia’s richest woman Gina Rinehart’s Hancock Prospecting said on Friday it had acquired 18% of Azure Minerals in a strategic move aimed at deranging Chilean lithium giant SQM’s A$1.63 billion ($1bn) bid for the junior.

Taliban says plans to formally join China’s Belt and Road Initiative

Mining News Pro - The Taliban administration wants to formally join Chinese President Xi Jinping’s huge ‘Belt and Road’ infrastructure initiative and will send a technical team to China for talks, Afghanistan’s acting commerce minister said on Thursday.

Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs

Mining News Pro - Miner and trader Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1,000 jobs, newspaper Australian Financial Review reported on Tuesday.

Nigeria to require mining firms to invest in domestic processing

Mining News Pro - Nigeria is toughening up licensing rules for foreign mining companies to push them to boost processing and refining of metals like lithium and zinc within the country, its minister of mines said on Tuesday.

Canada to give Umicore up to C$1bn for new battery components plant

Mining News Pro - Canada and the province of Ontario will give up to C$1 billion to a unit of Belgium’s Umicore to help it build a plant that will produce components for electric vehicle batteries, Ottawa said on Monday.

Rock weathering does not act as CO2 sink, as previously thought

Mining News Pro - A new study published in the journal Nature has overturned the view that natural rock weathering acts as a CO2 sink, indicating instead that this can also act as a large carbon dioxide source, rivalling that of volcanoes.

Metal trader misery undercuts supercycle hype as losses pile up

Mining News Pro - The world’s metal traders are enduring one of their toughest periods in years, even as an international race for minerals thrusts the industry into the geopolitical spotlight like never before.

Lundin scion leads group raising $500 million for mining fund

Mining News Pro - A group of investors led by a son of the late Swedish-Canadian mining tycoon Lukas Henrik Lundin is seeking to raise $500 million for a fund that will invest in mining projects.

South African mining profits slump by almost half

Mining News Pro - South African mining company profits have plunged by almost half this year, dropping almost 100 billion rand ($5.2 billion) because of the blows from lower commodity prices, crippling power cuts, rail network constraints and rising costs, Fin24 said, citing a report by PwC.

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